Free Trade Agreement is implemented between 4 countries from India and Europe, these things will become cheaper - India EFTA Free Trade Agreement 10 Lac Posts 100 Billion Investment

Updated: Do, 02 Oct 2025 09:24 am (IST) The Free Trade Agreement between India and European Free Trade (EFTA) came into effect from 1 October. With this agreement, India is expected to receive an investment of $ 100 billion within 15 years, creating 1 million new jobs. Union Minister Piyush Goyal described it as an important step in the foreign trade policy of India. Many European products will be cheap with the implementation of FTA. Digital Desk, New -Delhi. The Free Trade Agreement (FTA) came into effect from 1 October, a group of four major countries from India and Europe, Switzerland, Norway, Iceland and Liechtenstein between the European Free Trade Association (EFTA). This is India’s first FTA with these four countries. Remove ad, just read the news. It is estimated that this agreement receives an investment of $ 100 billion (approximately 8.86 lakh crore rupees) from these countries in 15 years, which will create about 1 million new jobs in India. This agreement is very important for India because it will not only strengthen trade relations, but will also open new possibilities for Indian exporters and industrialists. EFTA decided to give a fee of 99.6 percent (92 percent tariff lines). India will gain a great advantage, India in this agreement has given concessions at 82.7 percent tariff lines before EFTA. However, some areas are provided security, such as pharmaceutical, medical devices, dairy, processed foods, soy, coal and some agricultural products. There will be no change to gold as India has more than 80 percent import gold imports. In addition, there will be new opportunities for IT, education, business services and audiovisual services. It will also benefit Indian professionals in areas such as nursing, chartered accounting and architecture. ‘India’s steps in the new direction’, Minister of the Holiday Group and Industry, Piyush Goyal, expressed happiness on the implementation of this historical agreement, which calls it an important milestone in India’s foreign trade policy. He said that India now works with a strength and confidence in terms of the free trade agreement of European countries. It will provide better opportunities for Indian exporters, industries and service providers, and will create work for people. Also read: President Murmu and Prime Minister Modi wish Vijayadashami, read what would be cheap in the mail? The implementation of FTA will make many European products cheaper in the Indian market. Especially things like Switzerland’s wine, chocolate, clothing, rusks, grapes, dry fruits, vegetables, coffee and watches will now be cheaper in the Indian market. In addition, India’s engineering goods, electronic items, chemicals and plastic products will also benefit. How much FTA has India signed so far? India has so far signed FTA with 16 countries and blocks. These include Sri Lanka, Bhutan, Thailand, Singapore, Malaysia, Korea, Japan, Australia, UAE, UK, Mauritius and Asean. After 2014, India signed five new FTA Mauritius, UAE, Australia, EFTA and UK. In addition, the US, Oman, the European Union, Peru, Chile, New Zealand and Israel also negotiate the Indian free trade agreement. What is fta? FTA means free trade agreement, there is an agreement between two or more countries in which the rate (tariff) is lowered or eliminated on the trade. Its purpose is to promote the trade between those countries and remove business extraction. Under FTA, products get a low fee or fee -free trading facilities, which increase the trade between the two countries and get both economic benefits. Also read: Mohan Bhagwat started the Vijayadashami festival of RSS, Ramnath Kovind also on Dr. Hedgedwar present